What We Require From You
1

Income & Outgoings

  • 3 months bank statements (most recent)
  • Employed - 2 recent pay slips
  • Self-employed - Most recent set of accounts and latest tax returns OR Notice of self-assessment
2

Credit Check

  • We will look at your credit file together. You will require access to your credit file.
  • i.e. Clear score, Credit Karma. This is done via a zoom call or an office appointment.
  • Don't worry, we know you are more than a number.
3

Identification

  • Photo ID – Drivers License/Passport
  • Proof of Address – Utility Bill/Bank Statement dated within the last 3 months
Lending criteria

Terms

  • Non-members will be required to open an account.
    Ways to pay will be discussed and include:
    - Paying a Benefit/wage in to cover the loan and share payments.
    - Payroll deduction if you work for: North Ayrshire Council; SeaScape; Hansel Alliance; or Ayrshire Housing.
    - Standing Order (saving Members only).

Ability to Repay

  • It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.

Free Loan Protection Insurance*

  • *Provided by the Credit Union to Eligible Members.
Apply for your 1st Loan today

How To Apply

This loan is for anyone who has not borrowed from us before. No need to be a saving member to apply.

Apply Today

Please note: if you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

If you would like more information on applying for a loan with 1st Alliance Community Bank contact us today.

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